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Monthly Archives: March 2009

Will GE be able to allay investors’ concerns?

Posted: March 19, 2009 at 3:49 am

By Melly Alazraki of DailyFinance General Electric Co. (GE) is going to host a five-hour "deep dive" conference on Thursday in which it will attempt to convince investors that its ...
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Media Digest 3/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 19, 2009 at 3:18 am

According to Reuters, the Fed's plans to buy Treasuries is like a program called "Operation Twist" which was part of the agencies effort to help the economy almost fifty years ...
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Asia Markets 3/19/2009

Posted: March 19, 2009 at 2:24 am

Markets in Asia were narrowly mixed. The Nikkei fell .3% to 7,946. The Hang Seng dropped .7% to 13,026. The Shanghai Composite was up 1.7% to 2,266. Data from Reuters ...
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Oracle Hates The US Dollar (ORCL)

Posted: March 18, 2009 at 3:24 pm

Oracle Corp. (NASDAQ: ORCL) posted better-than- expected earnings after the close of trading.  It is also going to start paying a dividend.  But where this gets interesting is that Oracle ...
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S&P Takes 3M Down A Notch (MMM, GE)

Posted: March 18, 2009 at 2:19 pm

Standard & Poor's has just downgraded conglomerate 3M Company's (NYSE: MMM) corporate credit and senior unsecured ratings to "AA-" from "AA."  It affirmed the "A-1+" short-term credit rating and the ...
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Spint (S) Losing Ground With New Products: Improvements At AT&T (T) And Verizon (VZ)(VOD)

Posted: March 18, 2009 at 1:42 pm

Sales of the new Samsung Instinct are not helping Sprint (S) very much. Of all the handsets the No.3 US cellular carrier sells, the Instinct ranks N0.15 in terns of ...
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FOMC Massively Gooses Gov’t. Balance Sheet

Posted: March 18, 2009 at 1:32 pm

The FOMC has come in with no rate change as we had expected.  When it is already at a near-zero rate policy, there was no other outcome.  The Fed Funds ...
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Bracing For Oracle Earnings (ORCL)

Posted: March 18, 2009 at 12:31 pm

Oracle Corp. (NASDAQ: ORCL) is set to report earnings after the close of trading today.  The enterprise software giant is expected to post non-GAAP earnings of $0.32 EPS and $5.45 ...
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Is Oil Keeping Gold From Hitting $800? (OIL, USO, GLD)

Posted: March 18, 2009 at 12:04 pm

Conventional wisdom has it the the price of gold tracks the price of crude oil. As oil rises, so does gold, and vice-versa.  Probably the simplest explanation for the phenomenon ...
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Unexpected Oil Inventory Rise Takes A Bite (USO, OIL)

Posted: March 18, 2009 at 9:42 am

Oil may have just gotten some wind taken out of its sails after flirting with $50.00 per barrel late yesterday.  The DOE just released its weekly inventory data showing another ...
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Exelon Fires Another Round (EXC, NRG, RRI)

Posted: March 18, 2009 at 9:12 am

Exelon Corporation (NYSE: EXC) has filed its preliminary proxy statement for the 2009 annual meeting of NRG Energy, Inc. (NYSE: NRG). NRG still hasn't scheduled the meeting, but Delaware law ...
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Can B of A Really Pay the TARP Back That Fast? (BAC, C)

Posted: March 18, 2009 at 8:26 am

Bank of America Corp. (NYSE: BAC)  is now claiming it could pay back the TARP monies late in 2009 or in 2010, earlier than expected. In a report from ...
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Goldman Sachs Downgrades Rio Tinto plc (RTP) to Sell

Posted: March 18, 2009 at 8:05 am

Goldman Sachs downgrades Rio Tinto plc (NYSE: RTP) from Hold to Sell citing problematic debt and forecasted losses in the aluminum division for the next two years.   The firm ...
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Valero Takes the VeraSun Prize (VLO, ADM, VSUNQ)

Posted: March 18, 2009 at 7:54 am

Valero Energy Corp. (NYSE:VLO) has won the auction for seven ethanol plants formerly owned by VeraSun Energy Corporation (VSUNQ), which is now in Chapter 11 bankruptcy. Valero will pay $477 ...
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Top Analyst Upgrades (AAP, AZO, ED, CRH, DHR, LLY, INTC, LEAP, ORLY, SEIC)

Posted: March 18, 2009 at 7:47 am

These are te upgrades and positive research calls that we have seen from Wall Street this Wednesday morning: Advance Auto Parts (AAP) Started as Outperform at Baird. AutoZone (AZO) Started ...
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